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eBay DOJ Settlement approved by US Judge

Sep 3 2014, 5:06am CDT | by , in News | Technology News

A judge recently showed approval of a rapprochement between the Department of Justice and the auctioning site known as eBay.

E Bay DOJ Settlement approved by US Judge
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eBay DOJ Settlement approved by US Judge

The antitrust people and the company eBay were at loggerheads until recently when matters were finalized between the two. A US judge has given the thumbs-up sign to both parties for settling the issue that was a bone of contention between them. 

eBay has affirmed that it will not be headhunting employees from its contender companies. Judge Edward Davila has declared the conflagration at an end. 

eBay will not be doing what it did in the past. All the hiring and firing that goes on in Silicon Valley was something which has been surreptitiously going on under the DOJ’s nose. 

But now it is all in the clear. Greater transparency and accountability have entered the process. Google and Apple Incorporated too have had their teething troubles in these matters. 

Yet, eBay has shelled out $3.75 million in an effort to bury the matter once and for all. Although there have been no comments from the people at eBay, the atmosphere there is calm and placid. 

There is a feeling that what took place was fair and square and it is a good thing to get the stuff out in the open and clarified in an honest and straightforward manner. 

Meanwhile, the giant organization known as Alibaba is leading the rest in matters of fiscal turnover. It is way ahead of Amazon and eBay. In the capacity of a Chinese conglomerate, Alibaba has a reputation that it jealously guards. 

Alibaba has an annual profiteering that amounts to $2.45 billion. Now this is a lot of money indeed. As an e-commerce company, Alibaba has made it big. 

It has bent like the willow rather than broken like the oak and that in itself has made all the difference in the world. Today, Alibaba makes the Chines economy a proud global competitor. 

And it is just the law of averages that states that although the US economy is at the top now, this will not remain the main trend for long. China and India will gain ground as the future arrives in all its shocking reality.

Source: Reuters, Yahoo! Finance

 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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